natural gas

EU Bites the Hand that Feeds It: Gazprom Bites Back

Natural Gas Trends: Europe- Gazprom has Europe’s natural gas market in a stranglehold and Europe is attempting to fight back, first with a raid last year on the Russian giant’s offices and then with a probe launched earlier this week against its allegedly illicit efforts to control the EU’s natural gas supplies. The bottom line […]

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Why Europe Should Pay Attention to Algeria

Algeria already supplies 20% of Europe’s natural gas and more than 30% of the EU’s LNG imports. And in November, European LNG import volumes set a new record high – Europe imported a staggering 302 Bcf of LNG, shattering the old record (set only in September) by 52 Bcf. The United Kingdom, facing its coldest winter in years, alone accounted for 73 Bcf. Whether the average Brit, Spaniard, or Italian realizes it, they rely on Algeria.

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China Is Winning the Energy Race

It’s no longer 1973, when President Nixon could declare that our status as top energy consumer was “good. That means we are the richest, strongest people in the world.” Today, bragging about winning the energy-eating competition doesn’t gain you any brownie points. Which is probably why Chinese authorities were quick to reject the IEA data as “unreliable,” choosing instead to focus on their intention to sink about 5 trillion RMB (about US$750 billion) into renewable energy projects.
Despite the denials, a new age in the history of energy has begun, and the implications are enormous. China may not want to accept the honors, but the reality is that it’s now the most important player on energy’s demand side.

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